Consumer sentiment seen better than last year's
India's exports grew marginally by 0.88 per cent.
'You become a critic because the job entails watching a 100 films a year, out of which there will be five or six good films.' 'It's really a glutton for punishment, but you're also optimistic and want to see exciting things.'
India's exports turned around in November after falling for 13 straight months, posting a growth of 18 per cent to touch $13.2 billion, but the expansion was attributed to base effect.
Titan was the top gainer in the Sensex pack, rising around 4 per cent, followed by HDFC, Nestle India, IndusInd Bank, UltraTech Cement and Bharti Airtel. On the other hand, Bajaj Auto, Tata Steel and NTPC were the laggards.
Blocked working capital worth Rs 1,500 crore, in the almost-defunct job work diamond polishing units, is expected to be released even as diamantaires will issue fresh orders to such units following the GST relief.
Three-four big gem and jewellery firms are showing financial weaknesses and might find it tough to withstand shocks
'Considering that an Internet company's market value is largely determined by its direct access to consumers for digital services, and largely served outside a sovereign country's control, it would appear reasonable in trade terms to discuss fees for a seat at the proverbial 'table' of opportunities in the largest open consumer market,' argues Venki Nishtala.
Imports also fell for the eighth consecutive months, down 0.75 per cent to $41.14 billion in January, widening the trade deficit to a seven-month high of $15.17 billion.
India's exports fell 9 per cent to $23.43 billion in November due to a drop in shipments of segments such as petroleum products, engineering and chemicals, even as the trade deficit narrowed to $9.96 billion during the month, according to official data released on Wednesday. Imports also slipped 13.33 per cent to $33.39 billion in the month under review. In November, oil imports dipped 43.34 per cent to $6.27 billion. It was down by 48.7 per cent to $44.10 billion during April-November 2020, the data showed. Exports during April-November 2020 were $173.49 billion, compared with $211.17 billion during the corresponding period a year ago, exhibiting a negative growth of 17.84 per cent.
Sectors with positive growth during the month include rice, iron ore, oil seeds, oil meals, meat, dairy and poultry products, pharmaceuticals, coffee, engineering goods, and plastic.
While e-commerce sites rush to meet mass demand, Etsy is positioning itself more as a community of artisans where buyers can seek uncommon and unique products rather than mass-produced discounted products.
Biswajit, movie heart-throb of the 1960s, remembers The Legend.
As Dinesh Karthik celebrated his 35th birthday on Monday, opening batsman Rohit Sharma remembered the wicketkeeper's heroics with the bat in the Nidahas Trophy T20 tri-series final in Colombo, in 2018. Karthik scored a last-ball six to help India pull off an incredible chase to beat Bangladesh by four wickets and win the Nidahas T20 tri-series title.
Jewellers see flat gold sales this Dhanteras
Shubman Gill has the required technique and temperament to bat at any position in the Indian Test team but he does need to convert those great starts into big knocks, the legendary Sachin Tendulkar said about the young batter.
Although the country's leading gems and jewellery traders, dealers and exporters are ready to grab a significant portion of the $25-billion market, key changes are required in the country's Income Tax Act and Customs Act.
'Such memorable performances that brought so much joy and happiness all around.'
Documents accessed by Business Standard show owners of suspected Hong Kong-based shell companies are spread across the globe.
India has offered African countries --Botswana, Angola, South Africa and Namibia, incentives to strengthen their jewellery industry in return for direct procurement of rough diamonds from these countries.
In a bull-case scenario it sees the Sensex at 61,000 levels, while it's bear case scenario pegs the Sensex at 41,000 levels by December 2021.
'Mamata Didi is the only politician who can take on the might of Modi.'
Pressure is on India to eliminate duties on sectors like auto, pharma, chemicals, electronics, gems and jewellery for giving developed nations real market access.
Security of supply of raw materials is thus an important issue, said Jairam Ramesh, minister of State of Commerce. India now imports close to $8 billion of rough diamonds.
Export sectors that recorded positive growth in the last month include iron ore, electronic goods, spices, and marine products.
All stakeholders in the diamond industry chain from mines to retailers have to follow a system of warranty under which they have to individually declare in the invoices they issue that what they have sold are not conflict diamonds.
'While we conversed in Marathi, she would always make it a point to ask me in English, "Are you okay? Have you eaten?"' 'I sorely miss that care and concern.'
Non-resident Indians are bringing gold into the country by taking advantage of rules that allow each individual to carry 1 kg of the metal, helping traders cope with restrictions on imports during the peak wedding season.
The government has not given any concrete assurance on the rollback of excise duty.
India's long-held position as the world's top diamond polisher is being challenged by soaring output from China.
Dealers are selling gold at a discount of Rs 175 for 10 gm.
They would intensify the protest if their concerns are not addressed in the Budget.
At $2.6 trillion, the Indian economy is currently ranked sixth in the world behind the US, China, Japan, Germany and the UK.
From real estate to metals, what Sitharaman's Budget has in store.
Calling the young CEOs as his team, Modi said India's development must be made a mass movement and entrepreneurs should think of what more they can do for the country's growth and for the poor.
Indian beauty Urvashi Rautela put her best forward in the National Costume Round and Talent Show.
Banks have become more vigilant over the past two weeks, with many more officials involved in loan approval and disbursal.
Its time the RBI, govt pushes reforms to boost global investment
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